Energy Update
Nadia Rodova looks at Russia's oil sector which has shown a surprising resilience to low oil prices and western sanctions over the past two years.
PARIS, May 27 (Reuters) - French riot police forcibly
removed striking workers blocking a large fuel distribution
depot on Friday as President Francois Hollande warned
anti-reform protesters he would not let them strangle the
economy.
By Scott DiSavino
May 27 (Reuters) - U.S. oil drillers cut rigs for a ninth
week in the last 10, energy services company Baker Hughes Inc
said on Friday, despite crude prices this week testing a
seven-month high at $50 a barrel.
That is a key level that analysts and producers said would
trigger a return to the well pad.
Drillers cut 2 oil rigs in the week to May 27, bringing the
ZAGREB, May 27 (Reuters) - The Croatian government on Friday
rejected an opposition motion calling for a no-confidence vote
against the deputy prime minister over an alleged conflict of
interest, in a decision that laid bare deep divisions between
the coalition parties.
WASHINGTON, May 27 (Reuters) - The U.S. Transportation
Department said Friday that American drivers logged a record
number of miles in the first three months of the year, as travel
rose 4.2 percent to 746 billion miles.
TRENTON, N.D., May 27 (Reuters) - When Donald Trump laid out
his plan this week to roll back U.S. environmental regulations
to boost the ailing energy industry, it raised both the hopes
and fears of the American Indians living near the heart of the
country's richest oil fields.
TORONTO, May 27 (Reuters) - Canada's main stock index rose
on Friday as financials rallied, while resource stocks retreated
with commodities and investors waited for possible clues on the
timing of U.S. interest rate hikes from Federal Reserve Chair
Janet Yellen.
LAGOS, May 27 (Reuters) - The Niger Delta Avengers militant
group, which has mounted a bombing campaign against oil
pipelines, on Friday threatened "something big" - but also
wished Nigerian youngsters a Happy Children's Day.
Trina Solar Ltd., the world’s biggest solar manufacturer, reported a sharp increase in first-quarter profit and said it expects shipments to increase in 2016 even as demand in China slows in the second half.
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